OK Corporation made an offer to acquire remaining 92.31% stake in Kansai Super Market Ltd. for ¥62.3 billion on September 2, 2021. OK Corporation will offer ¥2250 per share. On October 29, 2021, the transaction is approved by the shareholders of Kansai Super. Izumiya Co., Ltd. and Hankyu Oasis Co., Ltd. have also approved the proposal for approval of the share exchange agreement for the Share Exchange today at their respective extraordinary general meetings of shareholders. The effective date of the Share Exchange is scheduled to be December 1, 2021. As on November OK will seek an injunction as soon as Tuesday at Kobe District Court against a stock swap agreement between Kansai Super Market, in which it is a key shareholder, and H2O Retailing Corp. The stockswap, which would have given H2O control of Kansai Super, was approved at the latter's extraordinary shareholders' meeting by a narrow margin on October 29, 2021. OK had intended to buy Kansai Super if the merger with H2O was not passed at the shareholders' meeting. But the merger was approved, resulting in OK withdrawing its takeover plan. A lawyer who had been appointed by a court was present to oversee the voting based on requests from Kansai Super and OK. OK believes that there was a problem with the process of vote collection, as revealed in the lawyer's report. OK believes it is not right for the shareholder to change the vote after the voting deadline. The company is seeking a judicial decision before the stock swap takes effect on December 1, 2021. If the court grants an injunction, the deal will be stopped. On November 22, 2021, the transaction was blocked by Kobe District Court. As on November 30, 2021, the decision to approve the provisional disposition decision has been made, but today, the Osaka High Court has filed a conservation appeal against this approval decision. On November 26, 2021. integration date has been extended to December 15, 2021.